 U.S. gold rose modestly Friday after double-dip recession worries pulled prices down in the previous session to a five-week low for the biggest one-day loss since February 4.
Gold gained $1 before the holiday weekend, but registered its worst week in six and its second straight weekly decline. Global economic concerns also pummeled other metals, oil and stocks. Crude fell for five consecutive days and ended at a three-week low following a week in which prices had soared toward a two-month high. U.S. and European stocks all registered weekly losses, with major indexes plunging between 3.90 percent and 5.92 percent. (...)
Read the rest of Bullion Prices & Business Weekend Recap – July 3, 2010 (1,439 words)
© CoinNews.net for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News.  | 
No comments:
Post a Comment